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 1 
 on: Today at 13:09 
Started by FxGrow Support - Last post by FxGrow Support
FxGrow Daily Technical Analysis – 13th Dec, 2017
By FxGrow Research & Analysis Team

CFDs Technical Overview With a Priced in Hike By the Feds


Most markets are highly anticipating a hike today by the U.S Fed with 0.25% basis to initial 1.25%. Analysts are supporting the rate hike decision especially that Mrs. Yellen has recently stressed out that any future hikes will be subject to economic data. As a result, we have seen the DXY rallying by $1.78 since Nov. 27th, soaring all currency rivals as rates will be increased as a done deal especially recent U.S upbeat data.

Last year when the Fed hiked rates, market saw an opposite performance for the Dollar Index, and instead of further upside action, the DXY was sold off aggressively which leaves us wondering if the same scenario will be repeated as Déjà vu because market anticipated the hike and it was priced in. Now that we have covered this section, eyes will be focused on the FOMC statement and projections for 2018 whether they will drop a hawkish or dovish tone.

Last but not least, yesterday's democrat Jones winning U.S senate in Alabama state has flipped the cards for Trump and his tax plan final touch. Trump will cross wires today giving more hints about so the long awaited tax reform plan. As a result, the U.S dollar stands at two battles, first as FOMC released the statement, and second Trump's tax plan updates.

CFD's Technical overview:

MAR US DOLLAR

Closing price: 93.825

Target price: 93.755 achieved

Resistance levels: 93.755*, 94.01

Support levels: 93.89, 93.17, 92.77*

Trend: Sdwys/Up

trend reversal price: 92.77

Comment The market has worked into a short term bottoming / bullish pattern with rallies pushing beyond the 93755* resistance, giving bull signals for a climb to 9434+. Any near term dips should try to hang in sideways congestion, stabilizing over 9317. A close under 9277* is needed to reverse back to lower prices. 

MAR B-POUND

Closing price: 1.3366

Target price:  1.3289

Resistance levels: 1.3441-58, 1.3504*

Support levels: 1.3355, 1.3289*

Trend: Sdwys/Down

Trend reversal price: 1.3504

Comment The market is signaling a short term negative turnover and warns for a larger selling wave to 1.3289*. A sustained press below 1.3355 will fuel selloffs. Any corrections contained to narrow sideways congestion should bear flag into additional selloffs. A close over 1.3504* is needed to reverse back to higher prices.

MAR CANADIAN$

Closing price: (77855)

Target price: None

Resistance levels: 7829, 7869*, 79585*

Support levels: 7760-45, 7672-

Trend: Sdwys/Down

Trend reversal price: 79585

Comment The market still favors reactionary selloffs to test the previous week's low. A penetration below 7758-54 could possibly open up a bear target to 7672-. Any corrections will likely fade in the low 7800's. Only a close over 7869* stops aggressive bear forces. A close over 79585* is needed to mark a bull turn for a drive to 8000+/-.

MAR EURO

Closing price: (1.1821)

target price: None

Resistance levels: 1.1880, 1.1904, 1.1949*

Support levels: 1.1799*, 1.1728

Trend: Sdwys/Down

Trend reversal price: 1.1954

Comment The current slide puts short term trend forces down and warns for a larger unfolding selling wave to 1.1700. Trade is poised for selling and a close under 1.1799* will fuel selloffs. Trade may recover for near term congestion up near 1.1900. However, a close over 1.1949* is needed to highlight a reversing upturn for a bull wave over 1.2000+.

MAR J-YEN

Closing price (88545)

Target price:  None

Resistance levels: 88945, 89305*, 8984*

Support levels: 8831-, 87825-

Trend: Down

Trend reversal price: 89865

Comment The market is in a downturn and suggests further washouts to 8831-. A close under 8831 is negative. We may see some corrective congestion, but keeping corrections trapped below 89305* should maintain a bear alignment. Only a close over 8984* alerts for a reversing turn.

MAR SWISS

Closing price: (10156)

Target price:  None

Resistance levels: 1.0188, 1.0222, 1.0257*

Support levels: 1.0038-25, 1.0000-

Trend: Sdwys/Down

Trend reversal price: 1.0257

Comment The market is short term bearish and a close under Friday's low alerts for a selling wave to attack the 1.0062 low. Suspect a fight to correct for a few days. Narrow corrective congestion around 1.0200 for a few days will likely bear flag. A close over 1.0257* is needed for a shift back to the upside.

MAR AUSSIE$

Closing price: (7554)

Target price:  7430

Resistance levels: 7579, 7592*

Support levels: 7495-?, 7430-10

Trend: Sdwys/Down

Trend reversal price: 7592

Comment The market is bearish. Despite corrective rebounds the past couple days, the pattern alerts for a potential wash to 7430-. Trade is poised for follow through selloffs with a close under 7498 fueling declines. Any further corrections should struggle with previous congestion levels over 7550 and tight congestion should bear flag. A close over 7592* is needed for a reversing turnaround.

FEB GOLD

Closing price: 1246.40

Target price: 1233

Resistance levels: 1254.00-1256.00, 1260

Support levels: 1233- 1220+

Trend: Down

Trend reversal price: 1265.10

Comment The market is bearish, alerting for an acceleration in the selloff, opening up potential for a drop to 1233. The pattern still warns for pressing selloffs. Any corrections will likely find downside forces keeping trade in sideways congestion, stopped in the upper 1250's. A close over 1265.10* is needed to alert for a reversing turnaround.

For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 2 
 on: Today at 10:16 
Started by HFblogNews - Last post by HFblogNews
Date : 13th December 2017.

MACRO EVENTS & NEWS OF 13th December 2017.




FX News Today

European Outlook:Asian stock markets traded mixed, with Japan underperforming as the yen strengthened amid a wider dip in the dollar. The Hang Seng meanwhile outperformed and bounced back 1.3% with Air China Ltd rallying but casinos leading the gains on the benchmark index. U.K. and U.S. futures are in the read, however, ahead of the expected Fed hike today and as the dollar was hit by the Democrats win in the Alabama vote, which cast further doubt on Trump’s legislative agenda. Treasury yields declined overnight and Bund futures moved up from lows, suggesting fresh safe haven demand. The Fed announcement will overshadow the European calendar, which has German inflation at the start of the session as well as U.K. labour market data and Eurozone production and employment numbers.

German Nov HICP inflation was confirmed at 1.8% y/y, as expected and up from 1.5% y/y in the previous month. The breakdown confirmed that the main driver behind the uptick was a rebound in energy price inflation, with petrol prices rising 2.6% m/m, bringing the annual rate up to 5.9^ from 1.2%. Heating oil prices also surged and while the German headline rate now is pretty much in line with the ECB’s objective, Draghi can still refer to the transitory impact of energy prices and still wage growth when he defends his very expansionary policy. More importantly perhaps, the German rate is above the Eurozone rate and as there hasn’t been much progress with regard to economic convergence since the crisis, stronger countries such as Germany may have to be forced to live with a period of above target inflation to give the weaker countries more time to catch up. Either way, with wage growth still weak Draghi still has something to argue with as he defends his ongoing asset purchases, although with companies running into capacity constraints today’s numbers will add to pressure from Germany to commit to an end date for QE.

Main Macro Events Today

UK ILO Unemployment & Average Earnings – Expectations –  ILO unemployment rate expected to tick lower to a new 40-year low of 4.2%, from 4.3%, while the BoE-watched average household earnings to tick up to a cycle of 2.5% y/y from 2.2% y/y.

US CPI – Expectations – 0.4% in November from 0.1%; with a 0.2% core rise forecast.

FED Rate Decision and FOMC Press Conference at 19:00 GMT

Charts of the Day



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HotForex Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.


Andria Pichidi
Market Analyst
HotForex


Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

 3 
 on: Today at 08:51 
Started by FxGrow Support - Last post by FxGrow Support
FxGrow Daily Technical Analysis – 12th Dec, 2017
By FxGrow Research & Analysis Team

EUR/USD Trading Flat Ahead of Zew Sentiment And U.S PPI


EUR/USD has been trading flat since Monday with low price, 28-pips and 1.1788 high. On technical level, the pair is still sold off with daily downtrend and expectations for further downside action. On the upside, EURO bulls should be contaminated at 10-EMA at 1.1800 level along with yesterday's upper daily wick. The pair could test daily rising trend line at 1.1740 level, and in case EUR/USD closed below it, then further dips are expected.

On the fundamental level, market awaits German Zew sentiment which will be released shortly and expectations that the sentiment could call behind at 17.4. On NY opening sessions, U.S is due to release Producer Price Index which could shake the market a bit as eyes will be focused on Wednesday and Thursday with FOMC and ECB meeting. On the other hand, Draghi will cross wires today, but taking into consideration the ECB event on Thursday, the speech should be neutral without any major effect. As for tomorrow, it is highly anticipated that the U.S Fed will hike rates at 1.50% with 0.25% point basis which should add more pressure on the pair temporary till market take an action for the FOMC statement. 

EUR/USD Technical Overview:

Closing price: 1.1769

Target price: None

Resistance levels: 1.1800, 1.1880, 1.1860*

Support levels: 1.1720-1.1709*, 1.1640

Trend: Sideways / Down

Trend reversal price: 1.1860*

Current None 11881, 11910, 11954* 11807-11799*, 11728

Sdwys/Down

Comment: The current slide puts short term trend forces down and warns for a larger unfolding selling wave to 1.1640. Trade is poised for selling and a close under 1.1709* will fuel selloffs. Trade may recover for near term congestion up near 1.1820. However, a close over 1.1860* is needed to highlight a reversing upturn for a bull wave over 1.1920+.

For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 4 
 on: Today at 06:20 
Started by kerstin25 - Last post by kerstin25
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 5 
 on: Today at 06:16 
Started by kerstin25 - Last post by kerstin25
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 6 
 on: Today at 06:11 
Started by etrader - Last post by kerstin25
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 7 
 on: Today at 05:25 
Started by Frankie - Last post by kerstin25
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 8 
 on: Today at 05:21 
Started by kerstin25 - Last post by kerstin25
I have tried several EAs and other automated trading systems. I got profits but my broker started offering this service where I get forex trading signals from other experienced traders. Basically the signals are like tips to help me decide. 

 9 
 on: Yesterday at 21:49 
Started by FxGrow Support - Last post by FxGrow Support
FxGrow Daily Technical Analysis – 11th Dec, 2017
By FxGrow Research & Analysis Team

GBP/USD Inching Higher Ahead of UK's Inflation Report


GBP/USD inaugurated Monday's trading session with bulls in action clocking 1.3427 high and 1.3366 low. The cable took a massive punch on Friday after releasing positive U.S Data, retreating from 1.3520 high and plunging to 1.3355 low. Technically, expectations for further upside action for the cable seems limited especially Friday's daily candle engulfing Thursday's strong bullish candle.

Fundamentally, a busy week for the market, first with today's CPI data coming from the UK with expectations placed at 3%, as as previous outcome. We are looking for a deviation in the inflation today which could set a more dovish tone for BOE's economic statement on Thursday taking into consideration that rates will stay put. On the other hand, FOMC meeting on Wednesday is taking all the attention with high expectations for hike.

Last but not least, market is looking forward  to the UK PM Theresa May’s cabinet meeting scheduled later today, with the key agenda on the Brexit negotiations ahead of this week’s EU Summit.

GBP/USD Technical overview:

Closing price: 1.3395

Target price:  None

Resistance levels: 1.3463, 1.3505+, 1.3610-67

Support levels: 1.3353*-, 1.3290

Trend: Sdwys/Up

Trend reversal price: 1.3353

Comment Overall the market is still short term bullish. A close over 1.3505 will rekindle bull trending to reach previous peaking levels at 1.3612+. A close over 1.3667 is bullish for moves to 1.3860. Friday's back off alerts for near term corrections. A close under 1.3353* highlights a topping turnover and chance for declines along 1.3240-00.

For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 10 
 on: Yesterday at 10:04 
Started by HFblogNews - Last post by HFblogNews
Date : 12th December 2017.

MACRO EVENTS & NEWS OF 12th December 2017.




FX News Today

European Outlook: Asian stock markets mostly headed south, as this week’s central bank meetings come into focus and amid a lack of incentive for investors to push out indices beyond recent highs. U.S. markets still managed to move higher as investors shrugged off the explosion in New York, and while volumes were lacklustre U.S. but also U.K. stock futures are moving higher. The FTSE 100 already outperformed yesterday and ongoing pressure on the Pound is continuing to underpin market interest. Oil prices are higher on the day with the front end WTI future trading at USD 58.39 per barrel. The calendar, which started very slow yesterday, heats up today, with U.K. inflation numbers for November and the German ZEW investor confidence reading for December.

FX Update: Narrow ranges have prevailed so far today as market participants sit on their hands ahead of key data from key economies this week, the first of which arrives later in the form of UK November inflation data and the latest German ZEW investor survey, along with a plethora of central bank policy decisions. EURUSD has settled near 1.1780, lacking direction after the rebound from Friday’s 1.1730 low stalled at levels above 1.1800. USDJPY has plied a narrow 14 pip range so far today, between 113.43 and 113.57, settling toward the lower part of this range, which roughly marks the midway point of yesterday’s range. Cable has settled to a narrow oscillation just above yesterday’s three-session low at 1.3330. The NZ dollar bucked the directionless trend, with the currency having rallied for a second successive session as markets continue to react to yesterday’s announced appointment of Adiran Orr as the new RBNZ governor. NZDUSD logged a two-week high at 0.6937.

Main Macro Events Today

UK CPI and PPI – Expectations – headline and core CPI readings to remain unchanged at 3.0% y/y and 2.7% y/y, respectively, though producer input and output costs expected to tick higher, to respective rates of 6.8% y/y, from 4.6% y/y in the month prior, and to 3.0% y/y from 2.8% in October.

German ZEW Sentiment – Expectations – at 18k from 18.7K seen last month

US PPI and Core – Expectations – forecast to rise 0.4% vs 0.4%; core PPI is set to increase just 0.2% vs 0.4%.

ECB President Draghi Speech at 19:00 GMT

Charts of the Day



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HotForex Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.


Andria Pichidi
Market Analyst
HotForex


Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

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